Graceful585
New Member
California, Ventura County
Father leaves beach house to 4 siblings in his will when he passes away. Not certain what will says. One of the siblings and her youngest son pass away in a tragic accident a year ago. Husband is asked by brother-in-law to sign a legal document that would make B-I-Law administrator of his sisters interest in the beach house. Husband was out of it when he signed so he didn't know what it all met.
He was told by B-I-Law that they would buy out his portion of the beach house which 1/8 is husbands and 1/8 is surviving sons who is nine. B-I-Law is calling the shots, things are dragging, it's been a year since their deaths and husband has been given no helpful info from B-I-Law. B-I-Law says that they will probably end up giving husband monthly payments for his 1/8 because they can't afford to give him one lump sum. They are expecting about $350,000 for each 1/8 ownership. B-I-Law asked husband if he was interested in selling his son's 1/8 so he'd have a college fund for him. How is this all to work???
Husband is nervous because he borrowed a lot of money from friends and family after the deaths of his wife and youngest son and told lenders that he'd be getting a money from the beach house once it's all resolved to pay them back. Now he's hearing it would be monthly payments...but he really has not been getting forthright answers from B-I-Law.
What are his options at this point? Could he have forced sale of the beach house if he hadn't signed the legal document? He's just very upset with feeling like he's left out of the loop and has no idea what is going on. He has not been included on the meeting with siblings and lawyer. Does he have recourse now that he's signed a legal document giving B-I-Law administration rights to his wife's estate portion of beach house?
I'm just trying to help him figure out his options at this point. Any help would be most appreciated.
Father leaves beach house to 4 siblings in his will when he passes away. Not certain what will says. One of the siblings and her youngest son pass away in a tragic accident a year ago. Husband is asked by brother-in-law to sign a legal document that would make B-I-Law administrator of his sisters interest in the beach house. Husband was out of it when he signed so he didn't know what it all met.
He was told by B-I-Law that they would buy out his portion of the beach house which 1/8 is husbands and 1/8 is surviving sons who is nine. B-I-Law is calling the shots, things are dragging, it's been a year since their deaths and husband has been given no helpful info from B-I-Law. B-I-Law says that they will probably end up giving husband monthly payments for his 1/8 because they can't afford to give him one lump sum. They are expecting about $350,000 for each 1/8 ownership. B-I-Law asked husband if he was interested in selling his son's 1/8 so he'd have a college fund for him. How is this all to work???
Husband is nervous because he borrowed a lot of money from friends and family after the deaths of his wife and youngest son and told lenders that he'd be getting a money from the beach house once it's all resolved to pay them back. Now he's hearing it would be monthly payments...but he really has not been getting forthright answers from B-I-Law.
What are his options at this point? Could he have forced sale of the beach house if he hadn't signed the legal document? He's just very upset with feeling like he's left out of the loop and has no idea what is going on. He has not been included on the meeting with siblings and lawyer. Does he have recourse now that he's signed a legal document giving B-I-Law administration rights to his wife's estate portion of beach house?
I'm just trying to help him figure out his options at this point. Any help would be most appreciated.
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